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UPDATE 1-Delivery Hero buys minority stake in grocery delivery startup Gorillas [Reuters]

DoorDash, Inc. (DASH) 
Company Research Source: Reuters
By Reuters Staff 2 Min Read (Adds details about last funding round, valuation, background, updates quote) BERLIN, Oct 19 (Reuters) - Delivery Hero on Tuesday said it had invested $235 million in Berlin-based grocery delivery company Gorillas, as the race to dominate the rapid delivery service sector picks up speed. The purchase means Delivery Hero owns 8% of the fast-growing startup, which operates more than 180 warehouses in nine countries and has coveted ‘unicorn’ status little more than a year after its foundation. The third, most recent round of investment has raised close to $1 billion and saw participation by China's Tencent, DST and Coatue Management, all of which had also been party to the last funding round in March here , which raised $287 million. Gorillas is now valued at about $2.1 billion in pre-money valuation, according to Delivery Hero. “Delivery Hero is on a mission to advance quick commerce globally, and we see Gorillas as one of the leaders in Europe and the U.S., Show less Read more
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